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Comment for Proposed Rule 75 FR 3281

  • From: Phil Gieseke
    Organization(s):

    Comment No: 3791
    Date: 1/25/2010

    Comment Text:

    i0-001
    COMMENT
    CL-03791
    From:
    Sent:
    To:
    Subject:
    Phil Gieseke
    Monday, January 25, 2010 2:02 PM
    secretary
    Proposed forex margin increases
    You've already crippled me with the new FIFO regs. How will increased forex margin requirements protect me
    from unscrupulous brokers? Are you trying to force traders out of the market?
    I suggest you monitor and punish brokers that shut down market access every time the market shows a little
    action. How about those that send me an NSF check when I request a withdrawl? Yes, this just happened to me,
    with a 'reputable' broker.
    Phil Gieseke
    Punta Gorda, FL
    PSI don't need protection from myself-- I never trade without a stop loss. I just need my broker to honor it.